Nifty Future positional Trade:
As shown to the nifty one hour chart, it is consolidating in a range shown by two blue trend lines.
Range is very narrow and RSI is shifting to its bullish zone. Rising Volume has been observed from last few candles.
Very soon we will see nifty future come out of this range.
Go long to Nifty Fut. Keep the stop loss at 5898 which is exact 50% retracement level from High to low for the long side target of 5965-6000
Regards,
Yagnesh Patel